Personal finance
Trump ‘big beautiful’ bill gives top 1% biggest tax cuts in these states
Key Points Legislation championed by President Donald Trump would give the top 1% of U.S. households an average tax cut of about $66,000, according to the Institute on Taxation and Economic Policy. The highest earners in Wyoming, South Dakota and Texas stand to get a tax cut of more than $100,000 from the bill, formerly […]
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Top five tax changes for the wealthy in Trump’s ‘big beautiful bill’
A view of the US Capitol in Washington, DC, on June 30, 2025. Jim Watson | Afp | Getty Images The wealthy will likely see a host of new tax breaks in President Donald Trump’s “big beautiful bill,” along with permanent extensions of many of the 2017 tax cuts, according to tax experts. Taxpayers earning […]
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Why Trump tax deductions — for tips, car loans and more — may not carry large benefits for low earners
Key Points New tax deduction — on auto loans, tips and overtime pay, and for older Americans — wouldn’t deliver much of a financial benefit for lower earners, experts said. These policies are part of a massive legislative package championed by President Donald Trump. Source
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House Republicans subpoena Brown University and Penn in Ivy League antitrust probe
A person walks past a sign of the Brown University, in Providence, Rhode Island, U.S., March 17, 2025. Brian Snyder | Reuters The House Judiciary Committee issued subpoenas Tuesday to Brown University and the University of Pennsylvania, demanding additional documents from the schools as part of an ongoing probe into alleged antitrust violations in Ivy […]
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How the Republican megabill targets immigrant finances
Key Points Republican legislation known as the “One Big Beautiful Bill Act,” which has President Donald Trump’s backing, would make the financial lives of immigrants more difficult, experts said. That includes both immigrants who are here lawfully and unlawfully. The GOP would strip access to the child tax credit from certain immigrant households. Lawmakers would […]
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Getting Trump’s full tax break on car loans may mean buying a $130,000 vehicle
Key Points President Donald Trump proposed a tax break on car loan interest while on the campaign trail last year. House and Senate Republicans have pitched a $10,000 tax deduction on auto loan interest as part of the so-called “one big beautiful bill” being debated in Washington. Households would likely need to buy luxury cars […]
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How Fanatics is teaching business acumen to pro athletes
Fanatics logo is seen on the dugout wall before the game between the Pittsburgh Pirates and the Milwaukee Brewers at PNC Park on July 3, 2022 in Pittsburgh, Pennsylvania. (Photo by Justin Berl/Getty Images) Justin Berl | Getty Images Sports merchandising giant Fanatics is aiming to build a training camp for athletes to prepare them […]
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Why electricity prices are surging for U.S. households
Key Points Electricity prices for households have risen quickly and are expected to outpace U.S. inflation in coming years, experts said. There are many supply and demand factors at play. Data centers are a major contributor to greater demand for electricity, while the U.S. also has an aging infrastructure for transmission and distribution of power, […]
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This credit card behavior is an under-the-radar risk: ‘Be very careful,’ expert says
Key Points “Credit cycling” is potentially risky behavior with credit cards, but isn’t widely known, experts said. It involves repeatedly maxing out cards and paying down the balance, effectively letting cardholders spend beyond their allotted credit limit. Card companies could close users’ accounts and cancel their rewards, among other risks, experts said. Source
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Americans pay trillions in rent, but few get credit score boost for it
An estimated $1.4 trillion is paid to landlords of residential properties every year in America, but only 20% of those landlords choose to report the rent paid. That has big implications for the credit scores and credit histories of millions of Americans. Reporting rent paid on time to credit bureaus can significantly boost credit scores, […]
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